The Public Sector—Energy Transition and Fiscal and Monetary Policies

Unurjargal Nyambuu () and Willi Semmler
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Unurjargal Nyambuu: The City University of New York (CUNY)
Willi Semmler: The New School for Social Research

Chapter Chapter 9 in Sustainable Macroeconomics, Climate Risks and Energy Transitions, 2023, pp 135-157 from Springer

Abstract: Abstract After having explored to what extent the private real sector and the financial market can be a roadblock or a bridge to a low-carbon economy, we now move to the public sector and macroeconomic policies. We focus on dynamic macro models as guidance for climate policies that can support mitigation and adaptation efforts concerning climate protection and the role of broader public policies that will promote and incentivize the energy transition. More specifically, we explore the fiscal resources that should be spent on climate-related infrastructure, mitigation, and adaptation efforts. We will also allow for public borrowing, at least as much as it is sustainable helpful on climate risks. We will also study to what extent monetary policy can be helpful on climate change issues.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-031-27982-9_9

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DOI: 10.1007/978-3-031-27982-9_9

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